Key Takeaways:
- emerchantpay, a leading global payment service provider, partners with FitBank, a Brazil-based fintech, to bolster its payment offerings in Latin America.
- The alliance enhances emerchantpay’s infrastructure to accept Pix and Boleto payments in Brazil, catering to the booming eCommerce market.
- With Brazil ranking among the top countries globally for real-time payments, the collaboration underscores the growing demand for seamless transactions in the region.
In a groundbreaking move set to revolutionize cross-border transactions in Latin America, emerchantpay, a leading global payment service provider, has announced a strategic alliance with FitBank, a prominent Brazil-based fintech company. This partnership aims to bolster emerchantpay’s payment proposition in the region, particularly in Brazil, by leveraging FitBank’s innovative platform and expertise in the local market. As demand for seamless and efficient payment solutions continues to surge, this collaboration marks a significant milestone in the evolution of payment technology in Latin America.
Empowering Cross-Border Transactions: Strengthening Infrastructure with FitBank
The alliance between emerchantpay and FitBank signifies a strategic effort to enhance the payment ecosystem in Latin America. By leveraging FitBank’s platform, emerchantpay aims to fortify its infrastructure to accept Pix and Boleto payments in Brazil, catering to the preferences of local consumers and businesses alike. This strategic alignment not only expands emerchantpay’s payment offerings but also reinforces its commitment to providing a seamless and secure payment experience for merchants and partners operating in Latin America.
Commenting on the partnership, Andre Boesing, VP International Business Development at emerchantpay, expressed enthusiasm for the collaboration’s potential impact. He stated, “Our alliance with FitBank is a strategic move as we continuously enhance our payment solution in Latin America. By combining FitBank’s modern and innovative platform with emerchantpay’s powerful cross-border payment offering, we are providing our international merchants with an even more resilient and streamlined payment experience, significantly impacting their conversions.”
Meeting Market Demand: Addressing the Growing Need for Real-Time Payments
The announcement comes at a pivotal moment as the demand for seamless and efficient real-time payments transactions in Latin America continues to soar. Brazil, in particular, stands out as a key market for real-time payments, ranking among the top countries globally in terms of processed transactions. With Pix emerging as Brazil’s most popular instant payment method, boasting over 150 million users and billions in transaction value, the collaboration between emerchantpay and FitBank couldn’t be more timely.
Otávio Farah, co-founder and CEO at FitBank, emphasized the shared commitment of both companies to deliver smart and safe solutions tailored to the needs of the Latin American market. He remarked, “The collaboration between FitBank and emerchantpay underscores our shared commitment to bring smart and safe solutions for the markets we serve, delivering best in class performance and service. We’re happy to see aligned shared values between the companies, leveraging each company’s strengths. We are well placed to continue leading the market by delivering the most modern solutions for businesses targeting Brazil and the Latin America region.”
Driving Innovation: Empowering Businesses with Embedded Finance Solutions
emerchantpay’s extensive global payments solution, combined with FitBank’s modern Neobanking platform, promises to empower businesses in offering embedded finance to their end clients. The seamless integration of credit, deposit, and payments solutions via APIs or low code packages embedded within digital experiences positions both companies at the forefront of innovation in Latin America’s financial technology landscape.
In conclusion, the strategic alliance between emerchantpay and FitBank heralds a new era of transformative growth and efficiency in cross-border transactions across Latin America. As the region’s eCommerce market continues to flourish and demand for real-time payments surges, this collaboration is poised to redefine the payment landscape, offering unparalleled opportunities for merchants and partners alike.
For further information, please visit emerchantpay’s official website and FitBank’s website.
About emerchantpay: emerchantpay is a leading global payment service provider and acquirer, offering online, mobile, in-store, and over-the-phone payment solutions. With a focus on global acquiring, diverse payment methods, advanced fraud management, and performance optimization, emerchantpay empowers businesses to create seamless payment experiences for consumers. Learn more here.
About FitBank: FitBank is a modern Business Digital Neobanking platform that provides comprehensive credit, deposit, and payments solutions to businesses seeking to offer embedded finance to their clients. Through seamless integration via APIs or low code packages, FitBank enables companies to enhance their digital experiences with cutting-edge financial technology solutions. Visit FitBank’s website for more details.
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